NEWS: xAI is now valued at $50 Billion, Elon Musk is raising money to buy 100,000 Nvidia chips.

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The Silicon Valley Podcast

Luis R

20 episodes

6 days ago

Analysis made with AI about new technology, innovation, Artificial Intelligence, Space exploration and more.

Technology

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Analysis made with AI about new technology, innovation, Artificial Intelligence, Space exploration and more.

Technology

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NEWS: xAI is now valued at $50 Billion, Elon Musk is raising money to buy 100,000 Nvidia chips.

The Silicon Valley Podcast

17 minutes 26 seconds

12 months ago

NEWS: xAI is now valued at $50 Billion, Elon Musk is raising money to buy 100,000 Nvidia chips.

Elon Musk's artificial intelligence company, xAI, is raising up to $6 billion to buy 100,000 Nvidia chips. The money will be used to create a supercomputer in Memphis, US, which will be used for the development of Tesla's autonomous driving technology. The funding is expected to close early next week, coming from Middle Eastern sovereign wealth funds and other investors. xAI competes directly with companies such as OpenAI, creator of ChatGPT, Google with its Bard technology and Anthropic with its chatbot Claude.